BGF exits investment in Acro

BGF has agreed to successfully exit its minority stake in aircraft seat manufacturer, Acro Aircraft Seating. The company will, subject to the satisfaction of certain conditions including regulatory approval, be acquired by Zhejiang Science and Technology Investment Company (ZTC) for £55m. The acquisition will accelerate Acro’s access to the Chinese market. ZTC is the parent company of Zhejiang Tiancheng Controls Co., a manufacturer of seats for construction vehicles, trucks and cars listed in Shanghai.